Bank of Baroda Peon Result 2017

Bank of Baroda Peon Result 2017 : Hello Job Seekers, here’s good news for those candidates who have appeared for Bank of Baroda Subordinate Staff (Peon & Sweeper Cum Peon) Recruitment Bharti 2016 – 17 and are now eagerly waiting for the BOB Result 2017 that Bank of Baroda will release the Peon Result 2017 as soon as possible for Sweeper cum Peon & Peon Chaprasi online cbt exam region/ zone wise. So candidates will be able to download the BOB Peon Result. The Recruitment Board of Bank of Baroda has conducted the Peon & Sweeper written exam successfully and will announce the BOB Online written exam Result for the New Delhi, Chennai, Lucknow, Bangaluru, Jaipur, Ahmedabad, Baroda, Patna, Pune, Bhopal, Bareilly and Kolkata regions/ zones Result of CBT examination. Facility to download Bank of Baroda Peon Bharti Result 2017 will be made available on the official website www.bankofbaroda.co.in. Check here latest update, news regarding to Bank of Baroda Sweeper Cum Peon & Peon Recruitment 2016 Exam date, BOB Peon & Sweeper Result 2017 Expected Date, BOB Sub Sub Staff Cut Off Marks Score Card and Merit List 2017. BOB Chaprasi Bharti Result 2017.

बैंक ऑफ़ बरोदा परिणाम Bank of Baroda Result 2017 : बी.ओ.बी. peon रिजल्ट | बैंक ऑफ़ बरोदा स्वीपर सह चपरासी परीक्षा का परिणाम बहुत जल्द जरी करेगा | अगर आप सब स्टाफ (चपरासी और स्वीपर सह चपरासी ) भर्ती परीक्षा 2016 का परिणाम सर्च कर रहे हैं तो आप सही स्थान पर हैं | जैसी ही बनक ऑफ़ बरोदा रिजल्ट/ परिणाम कि घोषणा करेगा, इस पेज पैर तुरंत सीधा लिंक उपलब्द करवा दिया जायेगा |

Bank of Baroda Sweeper & Peon Exam 2017 Result

Bank of Baroda had released sub staff notification in the month of November for the recruitment of 2382 posts of Sweeper Cum Peon and Peon. The Application forms were invited online mode through regional/ zone offices. The huge number of candidates is interested in subordinate vacancy so as expected too much candidates applied for the BOB Peon & Sweeper Jobs 2016. Selection of the eligible candidates will be made on the basis of written examination. Recently Bank of Baroda has conducted the Sub Staff written exam will be conducted successfully.

Download BOB Sub Staff Result 2017

All Candidates who have appeared for the prelim written exam for BOB Sweeper Cum Peon & Peon post and are now searching for the online Sub Results, they can download the BOB peon merit list 2017 from the official website or through the Bank of Baroda Admit result 2017 direct link given below by using their Registration Number and Password/ Date of Birth and Roll No wise. Candidates also can check the BOB Peon Result 2017 name wise.

Step to Download Bank of Baroda Peon & Sweeper Result 2017

Firstly candidates should visit official website www.bankofbaroda.co.in or click on below link.
Click on the tab ‘Career’ at the bottom of home page
Again click on the ‘Recruitment’ tab
New page will be appeared where click on the ‘Download Result for BOB Bank Sub Staff Exam 2017’
Login window will be displayed where enter your login details.
Your BOB Result will be opened.
Take a print out of Bank of Baroda Subordinate Staff Result for further use.

Nabard interview tips part 2

11. What is SWIFT?

SWIFT: Society for worldwide Interbank financial telecommunication.

 India was 74th Nation to join SWIFT Network.

 SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks.

A majority of FOREX related message are sent to correspondent banks abroad through SWIFT.

SWIFT Code consists 8 or 11 character. When code is 8 digit, It is referred to primary office. 
4 – bank code

2 – country code

2 – location code

3 – branch code (optional).

12. What is Swabhimaan Yojana of Government of India?

Swabhimaan is a financial inclusion plan of a bank to take banking to the doorsteps of the remote village where banking facility are not available.
Go thoru this official video to get excerpt what Swabhimaan and Jan Dhan Yojana is (PMJDY)? 

13. What is NOSTRO and VOSTRO account?

NOSTRO Account: A NOSTRO account is maintained by an Indian bank in the foreign countries.

VOSTRO Account: a Vostro a/c is maintained by a foreign bank in India with their corresponding bank.

14. What is a DeMat Account?

DeMat is nothing but a dematerialized account. If one has to save money or make cheque payments, then he/she needs to open a bank account. Similarly, one needs to open a DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a bank account wherein the actual money is being replaced by shares. In order to open a DeMat account, one needs to approach the Depository Participants [DPs].

In India, a DeMat account is a type of banking account that dematerializes paper-based physical stock shares. The DeMat account is used to avoid the holding of physical shares: the shares are bought as well as sold through a stock broker. In this case, the advantage is that one does not need any physical evidence for possessing these shares. All the things are taken care of by the DPs.

This account is very popular in India. Physically only 500 shares can be traded as per the provision given by SEBI. From April 2006, it has become mandatory for any person holding a DeMat account to possess a Permanent Account Number (PAN).

15. What is RuPay Card?

RuPay is the Indian domestic card payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India. The RuPay project had been conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India (RBI).

RuPay LogoNational Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc.

The initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all more specifically – Regional Rural Banks (RRBs) and urban co-operative banks.

All Public Sector Undertakings (PSU) banks set to join RuPay system by the end of the year 2012. RuPay-based debit cards can be used by the consumers on the Internet from September 2012.

The government of India had launched India’s first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc.

16. What is foreign exchange reserves?

Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions.

17. What is Bancassurance?

Bancassurance stands for distribution of financial products particularly the insurance policies (both the life and non-life), also called referral business, by banks as corporate agents, through their branches located in different parts of the  country.

18. What is Money Laundering?
Money laundering is the processes of concealing the source of obtaining money. Money or funds obtained through illegal activities are presented as legitimate.

19. What is the difference between Nationalized bank and Private Bank?

A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. Whereas a private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.

20. What are non-performing assets?

A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Also known as "non-performing loan".

Nabard grade A and B interview questions

1. Why do you want to join banking sector? (Most Important Question in a Bank Interview)

Banking is one of the fastest growing sectors in India with more stable and high growth and more

over providing a wide range of career opportunities for graduates.

So I want to take an opportunity to join in a bank.

If you have any other specific reason you must convey that.

2. What is the difference between Cheque and Demand Draft?

Cheque: Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank.
Official definition of a Cheque - "an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form."

Demand Draft: A demand draft is an instrument used for effecting transfer of money. It is a negotiable instrument.
Official Definition of Demand Draft - "a financial draft payable on demand."

All you need to know about Cheque. What is Cheque?-Defination - Kinds and Type of Cheques--> Read more here.

3. What is Private Banking?

Banking services offered to high-net-worth individuals.
Private banking organization assists the high-net-worth individual in investing his money in exchange for fees or commissions.
The term "private" refers to the customer service being executed on a more personal basis.

HSBC Recently closes its Private Banking operational unit in India, So this is an importantquestion to be asked in Bank Interview.

4. What is NBFC? (Non-Banking Financial Company)?

A Non-Banking Financial Company (NBFC) is a financial institution that provide banking services but do not hold a banking license. NBFC also cannot accept demand deposits, unlike banks, do and they do not form part of the payment and settlement system.

These institutions are not allowed to take deposits from the public.

Nonetheless, all operations of these institutions are still covered under banking regulations.

Every NBFC should be registered with RBI and obtain its certificate of registration.

They also cannot issue cheques, like banks do.

A non-banking institution which is a company and has a "principal business" of receiving deposits under any scheme or arrangement is also a non-banking financial company.

5. NBFCs are doing functions similar to banks.What is the difference between banks & NBFCs?

As of now you must know what is NBFC? you must also know its different from a bank.  

NBFCs lend and make investments and hence their activities are akin to that of banks. However, there are a few differences between NBFC and banks.

A. NBFC cannot accept demand deposits.

B. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.

C. Account deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of NBFCs, unlike in the case of banks.

6. What is BSBDA?

Any individual, including poor or those from weaker section of the society, can open zero balance account in any bank.
BSBDA guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India".
Now old "No- frills ' account --> BSBDA account.

Basic Savings Bank Deposit Account (BSBDA) should be considered as a normal banking service available to all customers, through branches.

The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial Inclusion objectives.

7. What is Base Rate?

It is the minimum rate of interest that a bank is allowed to charge from its customers.
this base rate is generally used as a benchmark for interest rates. 
RBI set this minimum interest base rate below which bank are not allowed to lend to its customers.

However, all existing loans, including home loans and car loans, will continue to be at the current rate.

8. What is KYC?

      

Know your customer (KYC) is the process of a business verifying the identity of its clients. The term is also used to refer to the bank regulation which governs these activities.

The Reserve Bank of India (RBI) has advised banks to follow KYC guidelines, wherein the certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers.  This is also in the interest of customers to safeguard their hard earned money.

The purpose of KYC is to limit the risk and prevent money laundry activities.

KYC is one time exercise while dealing insecurities markets - once KYC is done through an SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary.

  Documents required to mandate KYC norms bank requires collecting three proofs from their customers. They are-         

Proof of identity

Proof of address
Photograph.

KYC is now international activity and all major economies follow the KYC guidelines and made it mandatory.

9. What is the Subprime crisis?

The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having a low credit rating. 
In simple terms, giving credit to people to buy homes, knowing that they will never be able to pay it back.
In reality basically greed caused the sub-prime crises. (Don't say this Interview)
Here below, is the best video explanation for subprime crises available on the internet. Watch over the with the unlimited pack of the internet as you may screw your data plan for this 11 min long video.

10. What is BPS? (Basis Points)?

BPS (Basis point): - BPS is an acronym for basic points  is used to indicate changes in the rate of interest and other financial instruments.

  -:-     1 BASIC POINT IS EQUAL TO 0.01% 

So when we say that repo rate has been increased by 25 bps, it means that the rate has been increased by 0.25%.

As bank interview is just like a regular interview where interviewer wants to know about you. So just be relax and open your views whatever they asked to you this is your bank interview preparation time.

Nabard interview part 6

51. What is Disinvestment?

The Selling of the government stake in public sector undertakings.

52. What is Fiscal Deficit?

It is the difference between the government’s total receipts (excluding borrowings) and total expenditure.


53. What is National Income?

National Income is the money value of all goods and services produced in a Country during the year.

54.  What is Bank and its features and types?

A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.

55. What are Mutual funds?

Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually. A
company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds, and pension plans are all run by asset management companies. These companies earns income by charging service fees to their clients.

56. What is Cheque?
The cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a specified banker and payable on demand.“Written order directing a bank to pay money”.

57. What is demand Draft?

A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. A cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.

58. What is NABARD?
NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.

59.  What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Whereas NSE has 50 most traded stocks of NSE.
SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.

60. What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave.

Nabard interview part 5

41. What is the Banking Ombudsman Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks.

Senior official appointed by the RBI to redress customer complaints against deficiency in certain banking services is, the Banking Ombudsman.

42. Which are the banks covered under the Banking Ombudsman Scheme?

• All Scheduled Commercial Banks, 
• Regional Rural Banks and 
• Scheduled Primary Co-operative Banks are covered under the Scheme.

There is no cost for filing complaints in Banking Ombudsman. 

43.  What is Inflation?
Inflation is as an increase in the price of Goods and services that projects the Indian economy.
An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services.
Inflation happens when there are fewer Goods and more buyers; this will result in an increase in the price of Goods since there are more demand and less supply of the goods.


44. What is Deflation?
Deflation is the continuous decrease in prices of goods and services.
Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.


45. What is Revenue deficit?
It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by thegovernment.


46. What is FDI?
FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in an Indian Company.


47. What is FII?
FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in the Indian market, in other words, buying Indian stocks.
FII's generally buy in large volumes which have an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.


48. What is GDP?
The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.


49.  What is IPO?
IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.


50. What is GNP?
Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in the domestic market.

Nabard interview questions

31. What is LAF?

Liquidity Adjustment Facility (LAF) was introduced by RBI.
To ensure a smooth transition and keeping pace with technological up gradation.


32.  What is a Repo Rate?Repo rate is the rate at which our banks borrow rupees from RBI.Whenever the banks have any shortage of funds they can borrow it from RBI.A reduction in the repo rate will help banks to get money at a cheaper rate.When the repo rate increases, borrowing from RBI becomes more expensive


33. What is Reverse Repo Rate?
This is the exact opposite of Repo rate.
Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks.
RBI uses this tool when it feels there is too much money floating in the banking system.
Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.

34. What is CRR Rate?
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method ( an increase of CRR rate), to drain out the excessive money from the banks.

35. What is Bank Rate?
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

36. What is PLR?
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.


37. What is Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

38.  What is SLR Rate?
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth.
Through SLR rate tuning, the money supply in the system can be controlled efficiently.

39. What is Deposit Rate?
Interest Rates paid by a depository institution on the cash on deposit.

40. What is Fiscal Policy?
Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.

Interview part 3

21. What is the Functions of RBI?

 The Reserve Bank of India is the central bank of India, was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926 though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and
generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks. 29 What is a monetary policy?
A Monetary policy is a process by which the government, central bank, of a country controls
(i) the supply of money,
(ii) availability of money, and
(iii) the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.

22. What is SEZ?

SEZ means Special Economic Zone is the one of the parts of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.

23. What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

24. What are TREASURY BILLS (T-Bills)?

Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically government of India issued three types of T-bills through auctions, namely 91 days, 182days, and 364 days. There are no treasury bills issued by state government. The minimum amount of T –Bills is Rs. 2500and in multiple of RS. 2500.T-bills are issued at a discount and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS AND MEANS ADVANCES.

25. What is COMMERCIAL PAPER (CP)?

Commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory note.Corporate; primary dealers and all India financial institution are eligible to issue CP. The maturity period of each commercial paper is 7days to 1year from the date of issue.CP can be issued denominations of Rs. 5lakh or multiples thereof. Only a schedule bank can act as an issuing and paying an agent (IPA) for the issuance of CP.

26. What is CRM?

Customer Relationship Management (CRM) refers to the ability to understand, anticipate and manage the needs of the customer, interaction and relationship resulting in increased profitability through revenue and margin growth and operational efficiencies.



27. What is Right to information Act?

The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State governments.The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir - which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13
October 2005.

28.  What is Recession?

A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters.

29. What is dematerialisation?

Dematerialisation is a process by which the paper certificates of an investor are taken back by the company/registrar and actually destroyed and an equivalent number of securities are credited in electronic holdings of that investor.

30. What is Derivative?

A derivative is a financial contract that derives its value from another financial product/commodity (say spot rate) called underlying (that may be a stock, stock index, a foreign currency, a commodity). A forward contract in a foreign exchange transaction, is a simple form of a derivative.